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Business Africa

Vodacom posts 22.9% profit jump as African operations drive growth

Vodacom reported a 22.9% rise in full-year profit, supported by strong performance across its African markets and continued growth in digital financial services. The...

Jumia doubles down on China imports and Nigeria expansion in push for profitability

Jumia is intensifying its focus on low-cost imports from China while aggressively expanding operations in Nigeria as the company races toward profitability after years...

FIFA to hold separate World Cup opening ceremonies across Mexico, Canada and US

FIFA will stage separate opening ceremonies in Mexico, Canada, and the United States during the 2026 FIFA World Cup, marking the first time the...

Formula One set for another engine overhaul in 2027 amid sustainability push

Formula One is preparing for another major engine regulation change in 2027, as the sport continues efforts to balance performance, cost control, and sustainability...

Huayou Cobalt moves on $210m takeover of Africa-focused lithium miner

Huayou Cobalt is set to acquire an Africa-focused lithium mining company in a deal valued at about $210 million, reinforcing China’s aggressive push to...

Cevital launches $600m sugar beet project as Algeria pushes food security drive

Issad Rebrab’s conglomerate Cevital has launched a $600 million sugar beet project aimed at boosting domestic sugar production and reducing Algeria’s dependence on imports....

Fitch upgrades Ghana as reforms strengthen fiscal outlook and investor confidence

Ghana has received a credit rating upgrade from Fitch Ratings following stronger fiscal reforms, improving economic indicators, and renewed progress in debt restructuring efforts....

S&P 500 and Nasdaq hit fresh records as AI rally and earnings optimism fuel Wall Street

S&P 500 and Nasdaq Composite climbed to new record highs as investor enthusiasm around artificial intelligence and stronger-than-expected corporate earnings continued to drive gains...

Africa gains ground in global tourism race as arrivals and investment surge

Africa is rapidly strengthening its position in the global tourism industry, with rising visitor numbers, major infrastructure investments, and expanding air connectivity helping the...

Burna Boy and Shakira unite for official FIFA 2026 anthem “Dai Dai”

Burna Boy and Shakira have collaborated on the official song for the 2026 FIFA World Cup, titled “Dai Dai,” marking a major global crossover...

BTS draws 50,000 fans in Mexico as K-pop’s global reach expands

BTS attracted a crowd of about 50,000 fans in Mexico during a major live event that underscored the continued global influence of K-pop. The...

Algeria seals $1bn oil agreement as North Africa intensifies energy expansion

Algeria has signed a $1 billion oil agreement as North African producers accelerate efforts to capture a larger share of the global energy market...
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